BankTrack

Wall Street’s Oil Deals Have Climate Activists Resorting to New Tactics In the summer of 2024, Alec Connon was a regular occupant of the small plaza in front of Citigroup Inc.’s Manhattan headquarters.

2 years after we organized the largest-ever protests against Wall Street’s financing of fossil fuels, big banks’ financing of coal, oil, and gas is rising.

What does this mean? As our director laid out in @bloomberg.com, it means protests alone aren’t enough.
A 🧵:
www.bloomberg.com/news/article...

Green group files SGX complaint against OCBC alleging disclosure gaps on carbon-intensive assets Market Forces flags lack of disclosures around lender’s exposure towards captive coal plants Read more at The Business Times.

We've lodged a formal SGX complaint against Singapore bank #OCBC for potential misleading conduct over finance enabling industrial coal power plants in Indonesia. #climate

Today HSBC announced £22.1 billion profit for 2025💰

As long as the government is forced to pay interest on banks’ risk-free reserves at the Bank of England to the tune of *£20 billion* a year(!) the least Rachel Reeves could do is #TaxTheBanks

Sign the petition 👉 bit.ly/TaxTheBanks

Just imagine that money would have been used for anything other than a destructive fossil fuel project that is allegedly linked to extreme violence, killings, war crimes, disruption and pollution⁉️ #StopMozGas ⬇️👀

These banks 👉 Societe Generale, HSBC, Intesa Sanpaolo, J.P. Morgan, among others, publicly "rejected" the controversial #EACOP project but are now facilitating a €1.5B bond for #TotalEnergies, effectively keeping the project alive. Were their statements on #EACOP just PR technicalities? #StopEACOP

Take Action: Stop Funding Factory Farms

Banks don’t just fund fossil fuels. Many also finance industrial animal agriculture, a major driver of deforestation, biodiversity loss, water pollution and climate emissions. 🌍

#ClimateAction #ClimateFinance #ProtectNature #BankingOnChange

StopEACOP raises alarm over €1.5bn back door funding for TotalEnergies - Green Building Africa StopEACOP coalition says €1.5bn bond creates “back door” funding channel for EACOP and Mozambique LNG. Over 40 global banks previously declined direct

"Zaki Mamdoo, StopEACOP Campaign Coordinator, said banks were seeking reputational protection while maintaining financial relationships that sustain fossil fuel expansion." #StopEACOP!

Upholding the Principles of the Amazon Soy Moratorium Is Essential for Biodiversity, Indigenous Peoples’ Rights, and Financial Stability The Indigenous Advisory Group (IAG) of the Banks and Biodiversity Initiative supports the joint call for financial institutions to uphold the zero-deforestation criteria of the Amazon Soy Moratorium.

The Indigenous Advisory Group (IAG) of the Banks and Biodiversity Initiative supports the joint call for financial institutions to uphold the zero-deforestation criteria of the Amazon Soy Moratorium (ASM)

foe.org/news/amazon-...

Almost 30 banks turn their back on TotalEnergies' Papua LNG project Twelve more financial institutions have said they will not finance TotalEnergies' proposed Papua LNG project [1], following a formal complaint made to the banking industry risk standards...

Yess! 👏👏 Let's continue this trend!

Papua LNG poses a risk to biodiversity, the climate, & human rights. Thanks to the work of activists nearly 30 banks made commitments to not finance the project!
https://www.banktrack.org/article/almost_30_banks_turn_their_back_on_totalenergies_papua_lng_project

Open letter: The EU’s new sustainable investment plan needs to be completely fossil expansion-free - Reclaim Finance Fully excluding new fossil fuel projects from the revised SFDR is critical to achieving the EU’s climate commitments.

❗ The European Parliament and EU Member States have a unique opportunity to ensure all European “green” funds exclude fossil fuels.

📣 We join 132 other organisations and experts and ask them to seize it!

Read our open-letter ⤵️
reclaimfinance.org/site/en/2026...

🚨 Today, TotalEnergies raised a €1.5bn bond with help of @societegenerale.com, HSBC, Intesa Sanpaolo, BBVA, JP Morgan & Mizuho.

These banks are enabling an oil & gas giant to develop new fossil fuel projects, including EACOP, Mozambique LNG, & Papua LNG.

📣 This support must stop.

UK bank bosses plan to set up Visa and Mastercard alternative amid Trump fears Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networks

💳Are we too reliant on Visa & Mastercard? Yes.
💳Do we need a national alternative? Yes.
💳Should we rely on private banks to create it? No.

🪙What we need is a publicly-issued digital pound...

Climate emergency ignored as banks double down on coal and gas While communities burn and flood, major banks continue financing coal and gas expansion.

Climate-related disasters are already costing Australians $4 billion a year and are expected to rise to a whopping $35 billion by 2050. Australia’s housing market is expected to lose a staggering $500 billion in value by 2030. independentaustralia.net/politics/pol...

HSBC provided $192.2 billion to fossil fuel firms from 2016-2023, contributing $5.3 billion in 2023 alone. Despite its net-zero pledge, they have moved backwards on climate commitments. 🌡️

#ClimateAction #ClimateFinance #FossilFuels #BankingOnChange

CSOs call on banks and investors to uphold the criteria of the Amazon soy moratorium - Forests & Finance Last week, IPBES launched its long awaited Business and Biodiversity report. One of its key messages is that “All businesses depend on and impact biodiversity and can be agents of positive change.” In...

“All businesses depend on and impact biodiversity and can be agents of positive change” -
IPBES report on Business and Biodiversity

In line with this, CSOs have urged banks to uphold the zero deforestation criteria of the Amazon Soy Moratorium.

forestsandfinance.org/news/csos-ca...

The Amazon Soy Moratorium is Collapsing. Will Big Finance Use Its Leverage to Protect the Amazon? - Forests & Finance Originally published on Rainforest Action Network. Over the last few weeks, nearly two decades of Amazon forest protection began unraveling, and a perfect storm of policy failures threatens to acceler...

Read our new blog on the role of banks in upholding the Soy Moratorium criteria

forestsandfinance.org/news/the-ama...

Crédit Agricole fined by the ECB for failing to identify climate and environmental risks - Forests & Finance The ECB has imposed periodic penalty payments amounting to €7.55 million on Crédit Agricole for failure to comply with ECB decisions on climate-related and environmental risks. Biodiversity is declini...

The European Central Bank has imposed a penalty of €7.55 million on Crédit Agricole for failing to fully identify its climate-related and environmental risks.

This is a clear signal to other banks: nature-related financial risks must be fully disclose.

forestsandfinance.org/news/credit-...

Upholding the Principles of the Amazon Soy Moratorium Is Essential for Biodiversity, Indigenous Peoples’ Rights, and Financial Stability

banksandbiodiversity.org/upholding-th...

🚨 Breaking: TotalEnergies faces a major climate trial at the Paris Court of Justice.

The case will determine whether Total can be legally forced to cut its GHG emissions & its #fossilfuel expansion

Communities are already feeling the impacts of its controversial #EACOP project. Our press release ⬇️

Banks must step in before the Amazon Soy Moratorium collapses (commentary) The Amazon Rainforest is approaching a dangerous threshold. Scientists warn that continued deforestation could push the world's largest rainforest past a tipping point, transforming it into a degraded, fire-prone savanna that emits more carbon than it s...

If our research has proved anything, it's that the finance sector is not absent from deforestation. As Brazil soy companies withdraw from the Amazon Soy Moratorium – an initiative that prevents them from buying soy grown on land deforested after 2008 – financiers must step up.
https://bit.ly/4asXL2P

Nearly every major automaker is working to source #greensteel for their supply chains. But not all steel decarbonization solutions are legitimate.

Learn more from @banktrack.bsky.social’s false solutions tracker here: shrtlink.ai/SteelFalseSo... 1/4

📣 NEW REPORT 📣 Major companies and nonprofits issue millions of co-branded credit cards with the largest U.S. banks. 💳

Those partnerships represent enormous market power - and real leverage to demand climate responsibility from the financial sector. 🏦

Read the report at betteroptionsreport.org

US LNG and european autonomy: the dilemma facing european banks - Reclaim Finance With Donald Trump using energy as a lever for geopolitical domination, Europe's dependence on US liquefied natural gas (LNG) is jeopardizing its strategic autonomy.

❗ With Donald Trump using energy as a lever for geopolitical domination, Europe’s dependence on US liquefied natural gas (LNG) is jeopardizing its strategic autonomy. This is happening with the support of European banks, which are backing the expansion of LNG in the US.

Read more ⤵️

Why Indonesian K-pop fans are boycotting a Korean bank Indonesian K-pop fans are calling out a major South Korean bank over its financing of coal-linked industrial projects, showing fan communities' potential t

K-pop fans are boycotting major South Korean bank #HanaBank over its involvement with Harita Group — an Indonesian nickel producer using coal to power its expanding operations on Obi Island. 🔥 #climate #kpop @kpop4planet.bsky.social @kpop4planet-kr.bsky.social

More banks give $15b PNG gas project the cold shoulder A total of 27 banks and credit agencies have committed not to provide financing for a proposed TotalEnergies-Santos...

Another 12 banks have pledged not to provide financing for a proposed $15 billion liquefied natural gas project in Papua New Guinea, in which Australia's #Santos is a major investor.

@canberratimes.bsky.social #climate #energy #banks

FAIR FINANCE THAILAND UNVEILS 8TH ANNUAL POLICY ASSESSMENT OF THAI BANKS
www.newswit.com/en/iewf32eg7...

Retailers like Costco partner with big banks - Chase, Citi, BofA, Wells Fargo - that are still pouring billions into fossil fuels.

BUT there are better credit card options that don’t bankroll climate chaos!

Our new report drops next week 👀

Join our 2/26 update call: stmp.link/BetterOption...

Big banks are a drain on public finances - as the Treasury foots the bill for interest the Bank of England is paying on banks’ risk-free reserves to the tune of ~£20 billion a year 🪙

Meanwhile... 👇

Cacao durable : les banques camerounaises invitées à prendre en compte les risques environnementaux dans leurs politiques de crédit et de gestion des risques - Green Lines237 L’idée est d’éviter de s’exposer aux pertes d’argent et d’être responsables indirects de la déforestation. Lors de la

Sustainable cocoa: Cameroonian banks urged to consider environmental risks in their credit and risk management policies.

greenlines237.com/cacao-durabl...

We're disappointed that NatWest’s has watered down its climate commitments. The bank no longer has policies restricting finance to companies expanding oil & gas

This seriously undermines our confidence in the NatWest’s long-term strategy. Read more🔽

shareaction.org/news/natwest...